independent contractor « The Payroll Department

Posts Tagged independent contractor

Have You Ever Heard of the Economic Realities Test?

Posted by Elaine on July 18, 2017

Most small business owners are at least aware that there is a difference between an employee and an independent contractor. Some don’t realize how very important it is that employers be crystal clear about the difference and how they employ people in their business. Here at The Payroll Department, we believe that it is such a critical decision when talking about payroll that employers need to know, and understand the terms used by the government – like the Economic Realities Test.

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Tags: classification of employees, economic realities test, employee, independent contractor, The Payroll Department

Posted in: HR Rules, Regulations and Laws, Operating a Small Business, Payroll

Worried About Hiring Workers?

Posted by Elaine on September 10, 2013

One of the most difficult decisions for a small business owner is hiring employees. It’s not just finding the right person for the position or wondering if the company is financially ready.

No, one of the biggest fears is the knowledge that the company has to follow federal, state and local labor laws; unemployment insurance (SUTA), social security and Medicare (FICA) and the income taxes and all the rules around that. It’s a scary proposition, that’s for sure. (more…)

Tags: Deb Mahler, employee classification, employees, independent contractor, Internet Tech Specialists, payroll service, small business payroll, tax laws for payroll, Teresa Ray, The Payroll Department, worker classification

Posted in: Hiring and Firing, Operating a Small Business, Payroll, Payroll Processing, Rules, Regulations and Laws

Misclassified Workers Can Be Costly For Your Business

Posted by Elaine on August 20, 2013

Most of the time if a business owner makes a wrong call or a mistake in his business; it can be fixed or smoothed over relatively easily. That isn’t the case when making an error in classifying a worker as an employee or an independent contractor. Just like every other choice has a consequence, choosing the wrong worker classification can have dire financial consequences for your business. That is one reason to use a payroll service for your company.

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Tags: employees, independent contractor, Indiana, payroll service, small business payroll, The Payroll Department, worker classification

Posted in: Operating a Small Business, Payroll, Payroll Processing, Rules, Regulations and Laws

Choosing the Correct Worker Classification is not a Choice

Posted by Teresa Ray on August 13, 2013

America is the land of choice – but not when it comes to whether or not a worker is an employee or an independent contractor. As the workplace environment changes, employers are looking at how worker classification impacts their finances.

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Tags: employee, employees, independent contractor, Indiana, payroll service, small business payroll, The Payroll Department, worker classification

Posted in: HR Rules, Regulations and Laws, Payroll, Payroll Processing, Rules, Regulations and Laws